Leading Australian Legal FinTech expert Claire Wivell Plater joins Ignition Wealth Advisory Board
Ignition Wealth CEO Mark Fordree has announced the appointment of Claire Wivell Plater to the Ignition Wealth Advisory Board. “Claire Wivell Plater is a leading Australian expert on compliance and regulatory issues and concerns. Claire’s knowledge, insight and innovative approach will assist Ignition Wealth as we ongoingly develop our digital advice solution. We believe working with industry leaders like Claire will allow us to maintain our position offering a best in class product.”. Mark Fordree, CEO, Ignition Wealth. Claire is a long standing member of the Business Advisory Committee to ASIC’s Licensing Division, and a member of the Federal Treasurer’s FinTech Advisory Group. She is an active supporter […]
Corporate treasurers are spending more on fintech
A new report from East & Partners shows corporate treasurers from the highest revenue-ranked corporations are investing more in fintech. Business research firm East & Partners has found corporate treasurers in the UK, Asia and Australia are ramping up their fintech investments. The results came from the Treasury Fintech Index, developed by East & Partners and Contentive Media, and is based on direct interviews with corporate treasurers in eight key global markets. In the UK, treasurers are forecasting a 14.5% increase in their fintech spend for the coming year, while Australia and Singapore are following closely behind with a planned 12.2% increase. East & Partners Australia head of markets analysis […]
AtlasTrend completes $2.8m capital raising
Australian based fintech and global equities fund manager, AtlasTrend, is pleased to advise that it has completed a capital raising of $2.8m to grow its online investment platform and progress its continued disruption of the trillion dollar traditional funds management sector. AtlasTrend provides retail and sophisticated investors with online access to proprietary investment insights and an easy way to invest in four exclusive global equities funds, with portfolios aligned to global investment megatrends focused on where the world is heading – Big Data, Online Shopping, Healthy Lifestyle, and Baby Boomers. AtlasTrend completed the capital raising through new and existing investors, with notable investors including some of the early backers of […]
BigFuture and Booster Launch Strategic Partnership
BigFuture Pty Limited and Booster Financial Services Limited are pleased to announce their strategic partnership. Booster, a New Zealand based financial services company, will implement BigFuture’s current technology and work with BigFuture to create the next wave of technology for financial advisors. Booster will take up to a 20% equity stake in BigFuture, pay an annual development fee and will have exclusive rights to the BigFuture technology in New Zealand. According to Donald Hellyer, CEO of BigFuture, “Booster is the perfect organisation to partner with BigFuture. The two companies have a common view on where technology is heading for the financial advice and banking industries. Booster provides BigFuture long-term financial […]
Findex launches Family Office in Australia
Findex, Australia’s largest privately owned accountancy and financial advisory firm, today launched Family Office, an entirely new financial offering that gives individuals and businesses a single point of contact to build and maintain their wealth. For the first time, clients of Findex will gain access to their own office of financial and business advisory specialists for their personal and business affairs. Their adviser will act as a single point of contact and provide access an expanded suite of services under the one umbrella. These range from tax, wealth management, risk consulting, lending, insurance, self-managed superannuation, audit and assurance, management consulting to business advisory and more. The offering builds on the […]
Australians are using P2P loans to consolidate debt
New data from P2P lender RateSetter shows an average loan of $20,666. Peer-to-peer (P2P) lending, while having first been introduced in 2012, is still a new concept to many Australians. However, the idea seems to be catching on. The P2P lending space is becoming more competitive, with new lenders being announced all the time, and more Australians are starting to take advantage of the competitive rates on offer. According to new data, these rates are being utilised by borrowers looking to reduce the interest they’re paying on current debts. P2P lender RateSetter has released an update of its loan book data, which contains details of every loan originated since 2014. Previous […]
Wilsons, Bell Potter in market for hot fintech Afterpay
Payments company Afterpay is seeking to raise $30 million in a placement through Bell Potter Securities and Wilsons on Monday. Afterpay shares went into a trading halt on Monday morning as its brokers started drumming up interest from potential backers. The brokers were seeking to raise $30 million at $2.40 a share. The offer was priced at a 5.9 per cent discount to the last close of $2.55. Afterpay is seeking the equity injection to fund growth, with the payments company experiencing a strong number of retail merchants seeking its online payments technology. Bids were due at 4pm on Monday, according to terms sent to fund managers. Afterpay has traded […]
InvestmentLink signs Harmonee as first data grant recipient
InvestmentLink, Australia’s largest independent financial data source, today announced financial planning software developer Harmonee as the first recipient of the company’s data grant. The grant is designed to support emerging companies in the Australian fintech sector and provides access to a feed of financial account and investment fund data at no cost for a period of 18 months. Harmonee is developing a platform to help financial advisers offer streamlined services to clients. As well as enhancing the advice offering, the platform will provide remote and mobile access to portfolios and reporting. “Data feeds are vital for us to deliver our solutions. Not only will we be able to offer real-time […]
